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Understanding Offshore Banking: 27 Essential Lessons
Ever thought about offshore banking as a way to protect your wealth? With over 20 years in international banking, I've learned invaluable lessons that can help you navigate the complexities of securing your money abroad. In this guide, we'll explore 27 key insights, ensuring that your offshore banking experience is both smoother and more efficient.
Lesson 1: Your Home Bank Won’t Be Your Ally Abroad
Many individuals find out the hard way that their home banks are not prepared to cater to overseas clients. Experiences like blocked transactions and cancelled cards can become frequent when banking abroad. Hence, it's vital to establish a bank account that aligns with your international lifestyle as soon as possible.